Shares of Mindbody Inc. (NASDAQ:MB) have received a consensus recommendation of “Buy” from the fourteen research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $36.72.
MB has been the subject of a number of recent research reports. DA Davidson reiterated a “buy” rating on shares of Mindbody in a research note on Wednesday, May 9th. Craig Hallum cut shares of Mindbody from a “buy” rating to a “hold” rating and set a $28.00 price target for the company. in a research note on Wednesday, May 9th. Morgan Stanley increased their price target on shares of Mindbody from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 9th. Credit Suisse Group reiterated a “neutral” rating and set a $36.00 price target on shares of Mindbody in a research note on Wednesday, May 9th. Finally, BidaskClub upgraded shares of Mindbody from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 8th.
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Shares of Mindbody stock traded up $0.35 during trading hours on Monday, hitting $39.40. The company had a trading volume of 331,708 shares, compared to its average volume of 698,220. Mindbody has a twelve month low of $21.57 and a twelve month high of $45.50. The company has a current ratio of 8.10, a quick ratio of 8.10 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -131.33 and a beta of -0.09.
Mindbody (NASDAQ:MB) last issued its earnings results on Tuesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. Mindbody had a negative net margin of 6.47% and a negative return on equity of 4.62%. The business had revenue of $53.82 million during the quarter, compared to analysts’ expectations of $53.84 million. During the same quarter in the prior year, the business posted ($0.03) EPS. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. analysts forecast that Mindbody will post -0.57 earnings per share for the current fiscal year.
In other news, insider Kimberly Gail Lytikainen sold 3,500 shares of the stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $44.66, for a total value of $156,310.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard Lee Stollmeyer sold 17,739 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $35.76, for a total transaction of $634,346.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,075 shares of company stock valued at $8,204,043. 6.02% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Xact Kapitalforvaltning AB purchased a new position in shares of Mindbody in the 1st quarter valued at about $223,000. Luxor Capital Group LP grew its stake in Mindbody by 3.1% in the 1st quarter. Luxor Capital Group LP now owns 6,410,599 shares of the technology company’s stock valued at $249,372,000 after acquiring an additional 190,189 shares during the last quarter. Diker Management LLC grew its stake in Mindbody by 11.1% in the 1st quarter. Diker Management LLC now owns 93,103 shares of the technology company’s stock valued at $3,622,000 after acquiring an additional 9,300 shares during the last quarter. UBS Group AG grew its stake in Mindbody by 117.0% in the 1st quarter. UBS Group AG now owns 79,557 shares of the technology company’s stock valued at $3,094,000 after acquiring an additional 42,899 shares during the last quarter. Finally, Lisanti Capital Growth LLC acquired a new stake in Mindbody in the 1st quarter valued at about $1,542,000. Institutional investors and hedge funds own 88.98% of the company’s stock.
MINDBODY, Inc operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses to run, market, and build scheduling and online booking, performance tracking, staff management, client relationship management, integrated payment processing, retail point-of-sale, purchase tracking, inventory, hardware integration, analytics and reporting, branded Web, mobility, social integration, client acquisition dashboard, security and compliance, and integration with other cloud-based partners for yoga, Pilates, indoor cycling, group and personal training, boutique fitness, salons, spas, and integrative health businesses.